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FG may announce N30,000 as new minimum wage soonest



The Federal Government would announce the new minimum wage for workers in the country within the next few hours, following an agreement with labour unions and the government committee last Friday.

According to reports, the committee is set to present the agreed N30,000 recommendation to President Muhammadu Buhari.

More so, a reliable source disclosed that the minimum wage may be between N25,000 and N30,000 following the outcome of the two-day meeting with organised labour.

Organised Labour agreed on a miminum wage of N30,000 after so much arguments and face-off between its representatives and government.

The source also added that government had come up with N24,000 minimum wage which organised labour rejected.

“This may be because they want to be in agreement with the Organised Private Sector who had proposed N25,000, but Labour refused and told them that it was unacceptable” he said.

Federal Government had to make efforts in meeting with organised labour, over its failure to reach an agreement with the Minister of Labour, Chris Ngige led committee, which led to the seven-day warning strike penultimate week after the expiration of a 14-day ultimatum.

However, the strike was suspended after assurance from the government that they are willing to negotiate further with labour. Labour had proposed N66,500 during the meeting with FG but was latee scaled down to N38,000.

The source explained further that it was the Organised Private Sector that now played the role of an arbiter by adjusting the figure to N30,000.

He stated, “The Organised Labour were not particularly happy with it, but it is negotiation and believed that it was not too bad, it is a figure that we can work with.

“But one can see that the Minister of Labour and Employment, Senator Chris Ngige, seems not too happy with the figure as his countenance expressed, but that is not our concern. That was the decision of the committee.”

He added that, “the government of the day knows the implications of toying with the workers demand. This is a very sensitive period as opponent may offer to pay as high as N40,000.”

He concluded by saying labour would not accept anything below the N30,000 submitted by the committee.